AmiSights 2/2: This Entrepreneur Has a Term Sheet in Front of Him, and His Pen Is Shaking.
Developing a viable product and lining up customers is the hardest part of being an entrepreneur, right? Not necessarily. I field numerous calls from potential clients who are ready to launch and take the next step but need help with financing decisions.
Over at 21hats.com, I discuss Joe's problem as he weighs several different options, including taking on an investor who will provide instant cash and stability but, in turn, would take the majority of the company. Or should he consider purchase order financing, which will be slower and more expensive at first but would allow him to keep control?
Both are viable options, but like Joe, each entrepreneur needs to make the decision best for their situation. What choice would make the most sense for you?